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  FOX Business    Cavuto    Business news and  
   interviews; with Neil Cavuto.  

    February 26, 2014
    6:00 - 7:00pm EST  

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bloomer retirement day. thank you for joining us. we will be back tomorrow. neil: welcome, everybody. i am neil cavuto. do you ever hear something that sticks with you? it was a comment last sunday for me. >> since president has been in office we have reached the point where cutting the annual deficit in half to reduce the overall debt of united states by $3 trillion over the next 10 years. neil: i heard that it stuck with me i immediately said he just out to an allied made ising the debt is coming down it will shrink
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$3 trillion over the next 10 years? it is what. what will happen is it will grow $3 trillion less than rethought. that is a big difference. said debt will grow at 21. 3 trillion that is not the but the cbo. it is not the $3 trillion decrease but $8 trillion increase may be sheikh factors in those savings but so far that does not mean fear is less red ink. but with washington less than we feared so no need to fear. not so fast. it is a twisted way that the senator says we're making progress. because if you define progress then you must be
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forgetting you are digging a hole consists of a. it is time for the wake-up call the debt is getting bigger. that is like me saying i m projected to gain 50 pounds over the next decade but i am only gaining four days so i lost 10 pounds. but i did not gain 40 pounds? it could have been 50 but fat chance we would die this. what do you think that we should be jumping for joy because the debt is $3 trillion less than we thought but still $8 trillion more than we have now? >> first of all, i don't want to comment on your plate. neil: good for you. wise move. >> this is washington speak dealing with it since obama
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took office. the reality is they mean the opposite of what they say. only and washington could that be considered a cut. the debt is spiralling out of control. neil: whenever with these deficits now in the dollar more that we spent with ever greasy with the deficits many argue this is the call before the benefits storm? >> there are two ways. one is mandatory spending with medicare and medicaid and social security in obamacare. second, we could have pro-growth tax reform and a structure to allow the economy to grow.
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neil: your party is good at playing these games that does little to sign onto the debt ceiling increase. on and on rigo. you need what you say those. >> but these are the facts the president to stop want to change the mandatory spending program. he does not want pro-growth tax reform failed wanted to have another government shutdown so what republicans had to do was a precautionary measure to stop the administratiin with their madness. it is the least of the bad options. neil: but you will give bin to take a mile and with all the new spending initiatives
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precisely because they have your number in baking keep spending because you were on the midterm election emprise then you will eventually do the things you wanted in the meantime ising opportunity after opportunity. >> i don't disagree but do you shut the government down again? because that is where we were headed. we just felt this was the worst -- the best of the worst options. to debris' introduced draft legislation because when you code is complex.of the tax the american people need to take time these proposals
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and decide in november if they've want to reelect the party that tries to bring in the budget problems. neil: nobleman who defense the spending democratic strategist, jessica, the argument you can say we will tram's 3 trillion of the debt when it will grow it just won't grow as much as we thought? is that telling the truth? >> it is important to note when we do things that are making a difference. the deficit here is coming down and has steadily since 2009. we have seen one of the most unproductive congress is we have had in the early one
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centuuy with all this gridlock. neil: this was my question though. i know the deficits are coming down. maybe there is a reassuring notion that it piles up on the president's precipitously to say it will be $3 trillion less than rates shot but it will still be neck-and-neck $8 trillion more. that is hoodwinking people. >> i did not go that far. neil: someone tells you it will fall $3 trillion don't you think it will fall? >> yes. neil: but go up 11 now goes up 8 trillion that is what you meant. >> you rarely hear a politician who was from this
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policy standpoint speaking to the same way you would hear an economist or someone in the financial industry. neil: if you say you cut something then you better be cutting it not just saying that cut is off their rates of growth. that is disingenuous. >> the budget will be a huge issue. neil: no doubt. >> it will be something we have seen although it is not much of an issue during 2014. neil: if that's the case then doesn't that reinforce the argument of little impetus? that we know for both parties is a ticking time bomb? >> this focus in particular
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they do a lot of testing and messaging with people impacting their lives and certainly the focus is on health care from the republican side but the democratic side talking about economic issues in general. in to raise the minimum wage and helping middle-class families. neil: this is from all income groups all the way up to billionaires' that is why it is choking our economy. but nobody thinks of that. >> certainly it needs to be tackled. they tried with the attempt of simpson-bowles. it became a political
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ping-pong. neil: you are right. if you cannot bring people to the table not taking seriously the economy defaulting on debt. to ruin credit rating. neil: we are retaking the can down the road hoping to redress leader but this will hurt the credit rating this will hurt to the reputation not shutting the government down when it is open for business. that is my opinion spinet they cannot get any regulation doesn't senate that has nothing to do with the data. we talk past each other. [laughter] >> they need to get to the
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table. >> get the mass down. kathleen sebelius says she has no idea where we got the card dummy mes 7 billion number the standard that is being held to the white house. food could be so stupid or taif or say something so outrageous to utter that figure? we have a good idea. i will give you a hint. it was the secretary herself. predicting the future is a pretty dficult thing to do. but, manufacturing in the united states means s advanced technology. weeaed that technology allows us to be craft oriented.
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better things than the joint pain and swelling of moderate to severe rheumaid arthritis. if you're trying to ma, now may be me to ask about xeljanz. xeljz (tofacitinib) is a sma pill, not an injtion or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. seris, sometimes fatal infections and cances have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doctor. tears in the stomach or intestines, low bod cell counts and higher liver tes and cholesterol levels have happened. your doctor should performlood tts ore you art and whileaking xeljanz, and roinely check certain liver tests. tell your doctor if you have been to a region where certain fungal infections are common, nd if you have had tb, hepatitis b oc, or are prone to infections. tell your doctor abt all theedicines you take, and if you are pregnant, or plan to be. taken twice daily, xeljanz can reduce the joint pain and swelling
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omoderate to severe ra, even without methotrexate. ask if xeljz is righfor you. neil:. >> first of all, those 7 million was not give ministration but the cbo number when the bill was first assigned. the number is all over the neil: where in the world did we get that number from? >> success looks like at least 7 billion signed up by the end of march 2014. [laughter]
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okay. tapes do not live. -- like. why would she go out on the lam when she knows full well we have access? >> yes. is it is a situation in example of politicians going back on what they have said clearly you show the tape. this is not the first time for the president said you could keep your health plan and the first he denied then he later apologized because over and over networks were promising -- shoveling the promise. she also says not of loss of jobs but the cbo just add that. some democrats privately are not pleased with sebelius
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and these comments are not helping credibility. neil: she has been there through all the embarrassment's and the warnings of what was going on and the severity. even to give all that a pass what worries me is when they try to spend the bad news that the 6 million is pretty darn terrific or those who@ pay more who have jobs compromise tests its results are liberated spinet there are certain ways to spin it. the administration always has something to say. frankly going against something you said in the past, we are at 6 million
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new begin at 7 million but when you say it so starkly that is not helping and what is causing so much jinxed -- anxiety. neil: you just don't say it. i have not idea. >> we have a brand new segment that you asked for. you want answers what's the deal? you want to go there. enjoying a drink over the weekend? what if i told you the government put a limit how far you could go or how much?
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further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. neil: not one not to the three attacks. first the white house wonders what to do with ansa and one option they toss around is the phone tapping records. judge she did not let them move aaide. >> the president thought he could reform the yenisei to allow it to continue all spy all the time no search warrants to identify a target. by depositing their records with the phone company he forgot to tell the public he
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gave the nsa the ability to retrieve those at the touch of a button. this would just save the government the cost of enormous. 27 times the contents of the library of congress every dayythat is how much did it is stored the president just wants to transfer that to the phone company. they don't keep that they don't record our conversations they don't want to end don't want to be forced. neil: but they have a and shouldn't. number two. banks to the supreme court rulings police officers could search for home without a warrant? >> the constitution says it they have to have a search warrant. effacing you robbing a bank calling it to your house
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that is the emergency exception but short of that no. what if there's two people one person says yes? please address the one that says no leaving only the one who says yes sounds like a fraud if it was concocted. six / 3-d supreme court said they can do it is absurd. neil: a couple one is worried they would get hurt. >> then they find weapons and drugs. this is an excuse for the police to arrest the person who says no. also to get on your property when the person who gives them permission is not you but just happens to be there it does not require the police to find out who the rightful owner is.
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neil:. >> 59 your front door can become in? neil: you're always welcome the final free dove attack with the all you can drink now the bottomless brunch with the $20 open bar? now they are in great now they said cool it. >> the constitution and projects your bodily integrity. they do tell us what to do there and not let us take chemicals called controlled substances now a perfectly lawful product sold at a consumed because we aret be going to over consume?
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were in the constitution is the government authorized to worry about how much we drink? green plants through this before called prohibition it was one of the greatest disasters in history. neil: what about all you can eat chicken wings? >> that is coming. neil: then people will start to hoard the food. we have intrusion after intrusion not presumably in our best interest. >> we make light but it is ridiculous but liberty is never lost all at once or overnight double meaning people very slowly creeping up to make you healthier or safer or stronger. i king keep myself safe let me have by free choice.
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we need the attitude that. otherwise what is next? it could be passed up. neil: time to raise the pitchfork. [laughter] fox business alert the olympics are over. defense stocks hitting a new high as vladimir putin puts his troops on high alert. i think it is something pre-world war two. there'this kid. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, rsehide, bull. right where it needs to be. coach calls it logistics.
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>> and is now getting scary again. the real games are beginning and
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these are not playful ones. vladimir putin ordering a combat readiness with ukraine's northern border. my next guest says that vladimir putin is pulling a fast one we are not willing to deal with it. >> i don't think it's a show of muscle. neil: would he be dealing with this if he had not talked about scaling back the commitments to world war ii levels? >> i don't think any connection to that. conventional ground forces that today are designed to take care of two things simultaneously. neil: it seems like a sense of
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the good guys, i would like to think that is who we are, they are going to way back and be weary or certainly not inttrested in getting any more conflict than they are going to pounce. >> i think our foreign policy has been so flawed and our direction lacking clarity and leadership. i think vladimir putin is taking advantage of that. he has always had a long hold on that part of the world. he owns the gas facilities. so they have to kind of deal with him or did he really did not want the ukraine to enter into a strategic alignment with the eu and he must have offered them an economic package. neil: they said that there would be consequences for the actions. so we going to do? eventually if you're going to threaten someone, the time comes where you have to follow up or you're going to look like this. >> this is exactly why the foreign policy has been a flop.
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the president of afghanistan, either you sign a treaty or we will move our troops. and then we come back to the end of the year and so you'll start reducing the troops. and so we are not committed to our word. so i think that there is a mixed message. but he's a very happy camper right now because the united states and we couldn't come up with an economic package to settle at the ukraine. gerri: neil: let's talk about chris christie. charlie gasparino reporting that maybe chris christie doesn't want to run or won't run red. >> i haven't spoken to him at all.
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and i said it's too early to tell. we need more clarity and people will stay on the sidelines until we get it. i do not think that chris christie is dumb enough to do something to the general public that way. someone gets in my face come on the to be back in theirs. but if that is something for my staff, to think that they can exercisers, then i have a cultural problem. neil: we know where these go. but it is giving him pods because he is no longer a starter. >> i don't disagree with that. were situation for him is that this reputation has been exacerbated. and that is what i think the concern is. the rest of the nation will be
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given a say. i think he can recover, but we shall we. gerri: neil: i think he is doing a fundraiser for andrew coumo. and it raised the question that i raised with him. what is the deal? i mean, he could not be more different than chris christie. and yet either you cover your bases or you're just being overly pragmatic. >> i think it is pragmatism. i will expect a call. i would support this. i think andrew coumo is doing good. >> they think that you are just settling for this. and i understand that no one is
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perfect. and we will see who is a loser. [laughter] neil: it's good to see you. okay, in the meantime, these airline fees. well, they are going to continue. and now they want to charge you a price to come to your funeral. ? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we closen the house tomoow. i want onef these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? evenigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves.
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they'rebout 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why recommend polident. [ male announcer ] cleer, fresher, brighter every day. neil: you have probably heard that delta is going to start taking your frequent flyer miles to how far you paid for the ticket. but you did not care how some are quietly with leaving those fares die off. no more special price arrangements for those flying out for their final arrangement.
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we also have kate rogers here digging into this issue and has some mornings for flyers who might be in for some surprises. so first you. >> i found out i lost a family member on monday. i made the call to my favorite airline and the woman said sorry, just a couple of days ago we change the program. and at that point tickets were about $1000 to travel in a couple days and she said no, i'm sorry, there's nothing i can do at all. and it bothered me. and there are a lot of people that cannot afford it. and it doesn't come with a warning. if you buy last minute, these
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fears are generally high. and americans are payiig for it and it hurts. and so they are streamlining airlines are trying to cut costs and this is one where they are doing it. but i reached out to some travel agents today and that sometimes looking at the lowest end cheapest cost might be cheaper than going with a bereavement policy. while this is certainly not great pr for americans, it's not necessarily a bad thing depending on what time they are fine. neil: is about much accosted him? >> that's a great question. you can imagine that they're going to lose a lot for this bereavement policy. people often use it, but i'm not sure it would be a huge cost to them and they are looking to streamline and pinch pennies.
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neil: if you are going out to a loved one's funeral, and i'm so sorry for your loss, you're thinking about an aisle seat or windows read or am i sitting with legroom or not extra legroom. you are hardly in a mindset to start nickel and dime in people. right? to yes, there are two sides of the coin. this is a really difficult subject. because you have that's on one hand and on the other hand you have am airline that are deeply discounting last-minute fares for occasions like this. neil: i think you would be able wise decision for an airline like spirit to have a bereavement policy. >> given their track record, maybe they want to go down that road. i think that this is again what is happening in our economy.
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and you have shareholders are angry. many are cutting costs. they are cutting corners. there is less customer touch all across the united states. neil: i'm wondering if a lot of people took advantage of it. >> just come you have to give them your loved one's names, you asked about what airlines do have these policies. delta and united. sometimes discounted a last-minute situation. and a lot of the discount airlines, they don't offer them because they saved the ay it have prices that are discounted amount. neil: i would hasten to add that you're going to remember that in the future. they were with me when i was down and out and i will fly
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delta because they were with me when no one else was. >> is someone who flies commercially and privately, what i have noticed is loyalty and nothing for me and all of us, there is a great point. i'm going to think twice. and i've spent thousands and thousands of dollars with american for all of the viewers out there. give us something to hang onto and continue with the customer service. in this case i'm going to rethink it. multiple airlines, multiple sort of choices when it comes to travel. >> i haven't really had such bad
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travel experiences. and of course you want to save money. you just lost a family member or someone's really sick, you don't want to hear that the airline doesn't care an american is getting rid of their policy. some certainly sure that they're unhappy customers out there. neil: thank you guys very much. target missed its mark in a huge way. if you have ever invested in a retail store or shop at a retail store or ever been seen in a retail store, you are not me, but you are in big trouble.
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neil: you knew it would be bad. but the business lets has a
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number of stories. we are focus one that has a lot of applications. collecting 46% and our next guest says if you are investing in retail stocks, you should be part of this. we have two guests here, a retail analyst in the cybersecurity expert. is he giving people posture the degree that they just don't go out to the stores? >> the corporate espionage is a reality and it's something that
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we really are prepared to head off at this point. neil: i always think that good sale beat the bad thing. there is a real big discount on tv sets or whatever. >> i think it's short-lived. i mean, we have seen before with other retailers. and even just recently we had targeted reported earnings in recent weeks in sales that have actually started to recover and they are seeing more normalized traffic. neil: they also downplayed this. so not saying that they are lying. but i am saying that they might be minimizing this.
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>> i think that they are trying to calm investor concerns may put out of number and said sales are flat. and i'm wondering if there's anything you can hang your hat on. >> i'm not sure. and it's something that paul brought up. my research shows that it started happening prior to the holiday sales.
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and this is spreading throughout the industry. so the weak economy, a couple of bad numbers and that goes. hourly earnings are nowhere to be found as far as growth. i think the consumer is starting to pay that number of this great deal that is out there with these great promotions, i don't know if they are going to come back any time soon. neil: the issue about how this affected shoppers, some of them are just very leery of going back to target or feeling that they can go there since they have other choices. what do you think? >> well, i think the point that we really need to understand this that this is not a target issue or a retail issue. it is something that we are going to experience across all vertical markets. and to qualify that we have to
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embrace the business model and we are in the early stages and we need to put our arms around it and preemptively mitigate this going into the corporate environments. neil: telemann, thank you so much. have you ever wondered why in some cases they interrupt this?
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well, you have been asking these questions and a lot of these questions. so we thought would be a good time to start answering these questions each night and every night. i will make it a nightly segment
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it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ neil: a new segment inspired by you. those of you who e-mail and tweet by the thousands, wanting to know what i do what i do and why i talk to my talk and who i choose to interrupt when they talk. we call what a lot of you call it. >> what is the deal, neil? well, your effort to get inside my head, which is a dangerous place to go. it is up and running thanks to my crew. why do you make such a big deal out of a measly 175,000
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government-funded study when we are swimming in trillions in debt. well, because i already know that fish can swim and this kind of nonsense is why we are swimming in so much debt. and allison said i always wondered why you would interrupt your guests. do you like the sound of your nails on chalkboard voice? >> no, i just like upsetting you. it seems i succeeded. if you prefer speeches, watch another show. most have better voices. and i get this one a lot. don't take this wrong way. but i can't stand the way you sound. your voice is scratchy and annoying. you would think that you would just clear your throat. you would think are lame, but it's not that easy. i do not make a federal case out of this.
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i wish i could wave a wand and it would go away. stu to multiple sclerosis. but i hope it's not so bad as you leave. try turning the sound down. try it right now. and helen says when you talk so much about food? well, because i like to eat. and another individual says i love it when you argue. maybe you should suck it up and go on a diet. maybe you should just watch a dinner hosted be done with it, do you think? and alicia says do you wear a toupee? because of your hair is real, it looks like a toupee. >> and ask me.
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i think that you are a clueless partisan viewer. because any regular viewer of the show would know that i've called out republicans on spending excesses as well, including last week on the monster's trillion dollar farm bill and the bush administration and the bank bailouts that i say set the stage for all of the handout. and another reviewer says you're not very attractive and you don't look like any other anchor. he will quit my ninth grade algebra teacher and he was weird. so i want to know how did you do it. how did you get on tv? well, i have photographs here. and someone else said i bumped into you at your sons basketball game and you were so nice.
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i'm not going to waste my time. ♪ double mocha. lou: good evening, everyone. russian president vladimir putin putting his military on high alert, ordering up to 150,000 russian troops stationed along the ukrainian border into a russia calls battle ready drills. consisting of 41 warships, two submarines, 10 guided missile ships. several anti-submarine warfare votes. the defense minister claimed the movement of those russ